The  American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities. Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper on homeownership titled - The Dream Lives On: The Future of Homeownership in America. In his paper, Belsky reveals five financial reasons why people should consider buying a home. Here are the five reasons:

Housing is typically the one leveraged investment available.

 You're paying for housing whether you own or rent.

Owning is usually a form of “forced savings.”

There are substantial tax benefits to owning.

Owning is a hedge against inflation.

It is evident that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are considering a purchase this year, please contact Andreas Holder for a free consultation how homeownership can benefit you. 

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